R1T trade in advice

[pmp6]

Hi everyone,
I was just hoping for some advice. I have a 2022 R1T, build number ~6000. It’s been great but the R1S suits our family better. It has been a good truck and already has 20,500 miles on it. We were going to trade it in, but Rivian gave us an offer of $63,000. KBB seemed to recommend a much higher price for both trade in and private sale. What would you recommend? I live in Colorado so I do save some sales tax (maybe $4k) by trading in, but even including that, it seems like a low offer. Have people been having better luck on other sites like carvana, auto trader, or cars.com? Our model is el cap granite with black interior, 21” tires, and a working tonneau. Thanks in advance for any advice!

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[tosehee]

If you bought at pre-increase price, I think that's fair..

I bought used at a premium at 105k.. so that'd be a crazy loss on my end.. But at pre-increase price, more than fair.

Just my opinion.

 

[SACDFJC]

I traded my R1T into Rivian 6 weeks ago. 2022 R1T with 12k miles. They gave me $74k, which was right about where the KBB trade in values were at the time. Private sale was a few thousand more. I think what you are dealing with is a softening of the used car market. I've noticed the used car prices have been on a steady decline around here (CA).

 

[Simplejack]

FWIW. Traded my 2023 R1T approx. 12k miles in about 6 weeks ago for 73k in Houston area. LA Silver, 21s

 

[itrackfast]

Hey there. It's entirely possible that i just got the deal of a lifetime but data is data.

I just picked up a barely used 2023 quad motor, large pack, cross bars (el cap with black interior) for 77k in Texas. Market definitely feels frothy...

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